2008-05-08
Thomson Financial
LONDON (Thomson Financial) - Kazakhstan Kagazy Plc. reported a higher full-year net profit on a 36.7 percent growth in its paper business which accounted for the company's majority of revenues.
The paper producer said, for the year to end-December, its net profit increased to $14.0 million from $2.3 million a year ago, while its total revenues grew 42 percent to $78.7 million. The company said its total assets increased by 89.8 percent to $631.1 million compared to $332.7 million at the end of 2006.